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WAEC Economics 2016 Question 10

Question 10

Theory of Demand

The demand for torch and batteries is an example of

  1. A.competitive demand.
  2. B.composite demand.
  3. C.complementary demand.
  4. D.derived demand.
Show the answer and explanation

Answer: C (complementary demand.)

Explanation

A torch and its batteries are used together: complementary (joint) demand.